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comments on where the fiscal cliff talks stand and are you worried about going off the fiscal cliff? it's the "news nation" gut check. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. they don't help single moms. hi! hi! [ sarah ] what happened to our house last year? [ daughters ] it flooded and the water flooded out. yeah. [ sarah ] the red cross arranged the hotel for us. they gave me that break, that leverage, to be able to get it together and take care of them. you know? i feel like we've come full circle. [ daughter 1 ] like that! [ daughter 2 ] this is how i'll do it. [ sarah ] there you go. >>> senate homeland committee chairman lieberman issuing a report on the
comments on where the fiscal cliff talks stand and are you worried about going off the fiscal cliff? it's the "news nation" gut check. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our...
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house returns we head back to washington to dig in on the fiscal cliff. >> happy new year. [ male announcer ] there are only so many foods that make kids happy. and even fewer that make moms happy too. with wholesome noodles and bite sized chicken, nothing brings you together like chicken noodle soup from campbell's. it's amazing what soup can do. diarrhea, gas, bloating? yes! one phillips' colon health probiotic cap each day helps defend against these digestive issues... with three strains of good bacteria. [ phillips' lady ] live the regular life. phillips'. >>> just a half hour now until speaker boehner and the house efficiently get back to work in washington. if there is one thing that's for sure they'll have to make a move sooner rather than later. the speaker wanted the senate to act and now it's the house's turn. coming up i'll talk to one representative about what he expects to happen today. >>> i'm mara schiavocampo. here is a quick look at other stories making news now. today 1 million workers in ten states get a bit of a boost in their pay checks. the minimum wage increases by an
house returns we head back to washington to dig in on the fiscal cliff. >> happy new year. [ male announcer ] there are only so many foods that make kids happy. and even fewer that make moms happy too. with wholesome noodles and bite sized chicken, nothing brings you together like chicken noodle soup from campbell's. it's amazing what soup can do. diarrhea, gas, bloating? yes! one phillips' colon health probiotic cap each day helps defend against these digestive issues... with three...
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welcome back to breaking news cover range on a fiscal cliff deal on capitol hill. democrats got out of their meeting with vice president joe biden. the vice president had been is set to the hill to discuss the deal and he spent much of the past 24 hours working out the details with senate minority leader mitch mcconnell. here is what we know about the potential deal as of right now. current bush era tax cuts will expire for individuals with an income over $400,000, also for couples with an income over $450,000. unemployment benefits will be extended. the sequester, automatic spending cuts that would hit a wide range of government programs, including department of defense, will be dedelayed for a two-month period and be paid for with a 50/50 split on tax increases and spending cuts. joining us now is kelly o'donnell what have you learned with the vice president's meeting with senate democrats? >> we were able to talk to some within the meeting, they are in a bit of waiting game, in part because of the legislation, being turned into an actual test that will have the
welcome back to breaking news cover range on a fiscal cliff deal on capitol hill. democrats got out of their meeting with vice president joe biden. the vice president had been is set to the hill to discuss the deal and he spent much of the past 24 hours working out the details with senate minority leader mitch mcconnell. here is what we know about the potential deal as of right now. current bush era tax cuts will expire for individuals with an income over $400,000, also for couples with an...
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the gop says there's a new plan moving forward on the fiscal cliff. harry reid says there's not. seems to me more of the same ping-pong we've had over the last few days. >> were no closer to steering away from the cliff. we are much closer to the cliff. the president made a round of calls last night to talk to congressional leaders about the need to get something done. no one has that produced in the form of a bill. senate majority leader mitch mcconnell is saying this is the first contact he's had from a democrat since thanksgiving. you need unanimous continue sent for a lot of things to happen. >> and we're now hearing that the white house is denying there's a new plan from the president. so the white house and harry reid are both denying scott brown and gopas about this new physical cliff plan which puts us back to square one. you tackled this issue of john boehner's control over his conference. in a really interesting way. you basically said he's a substitute teacher in the sense that even when he disciplines folks like holtzcamp who were insubordinate and ripped them of comm
the gop says there's a new plan moving forward on the fiscal cliff. harry reid says there's not. seems to me more of the same ping-pong we've had over the last few days. >> were no closer to steering away from the cliff. we are much closer to the cliff. the president made a round of calls last night to talk to congressional leaders about the need to get something done. no one has that produced in the form of a bill. senate majority leader mitch mcconnell is saying this is the first...
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happy new year. >> happy new year. >>> and coming up, the fiscal cliff showdown. did the president's midday presser hurt or help the down-the-wire negotiations? >>> and the latest on the prognosis for secretary of state hillary clinton, who rang in the new year in a new york hospital. [ male announcer ] kids grow up in no time... marie callender's turkey breast with stuffing is a great reason to slow down. creamy mash potatoes, homestyle gravy and 320 calories. marie callender's. it's time to savor. >>> with vice president joe biden acting as the closer, this country is one step closer to getting a fiscal deal done. after the senate vote, the president warned house republicans not to stand in the way. "while neither democrats nor republicans got everything they wanted, this agreement is the right thing to do for our country and the house should pass it without delay." kristen welker is nbc's white house correspondent. kristen, good morning and happy new year to you. what's the white house expecting today? >> reporter: good morning and happy new year to you, chris.
happy new year. >> happy new year. >>> and coming up, the fiscal cliff showdown. did the president's midday presser hurt or help the down-the-wire negotiations? >>> and the latest on the prognosis for secretary of state hillary clinton, who rang in the new year in a new york hospital. [ male announcer ] kids grow up in no time... marie callender's turkey breast with stuffing is a great reason to slow down. creamy mash potatoes, homestyle gravy and 320 calories. marie...
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deal to avoid the worst of the fiscal cliff hangover. the bill passed by a wide margin 89-8 setting up a showdown in the house which will convene at high noon on this new year's day. republican mitch mcconnell said the process wasn't pretty but got the job done. >> each of us could spend the rest of the week stusing what a perfect solution would have looked like but the end result would have been the largest tax increase in american history. it took an imperfect solution to prevent our constituents from a very real financial pain. in my view, it was worth the effort. >> nbc's luke russert is live on capitol hill. good morning. happy new year to you. >> good morning, mara. good to see you in the chair. >> thank you very much, sir. so the house republican conference meets at 1:00. is that speaker boehner's best chance to sell this to republicans? >> reporter: it is. this is by no means a done deal. it did get 9 votes in the senate and one would think such a bipartisan vote in that body would correlate over to the house of representatives b
deal to avoid the worst of the fiscal cliff hangover. the bill passed by a wide margin 89-8 setting up a showdown in the house which will convene at high noon on this new year's day. republican mitch mcconnell said the process wasn't pretty but got the job done. >> each of us could spend the rest of the week stusing what a perfect solution would have looked like but the end result would have been the largest tax increase in american history. it took an imperfect solution to prevent our...
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but when you look at the polling even on the fiscal cliff stuff, president obama, rochelle, on a new poll, 54% approve of his handling of the fiscal cliff. only 26% support joan boehner. so the politics of it is not even working for them. they're purists, but they're not being practical, even politically. everyone as they don't stand for what you and i may think is the right thing. they're not even being practical about this. >> well, with taxes, it's so complicated because the republican party has basically got taxation at the heart of its ideology. so what they're almost in a position -- they've force ed ths into a corner where what they almost sl to do is let the cliff kick in so that then they can vote to go back and reinstate some tax cuts as opposed to somehow translating any kind of vote they take, you know, grover nordquist was going to stand up and say they raised taxes on the wealthy. at this point, they've got the situation so backwards, that they're going to have to let the cliff kick in. >> let me ask you this quickly. we've got some good economic news yesterday. weekly
but when you look at the polling even on the fiscal cliff stuff, president obama, rochelle, on a new poll, 54% approve of his handling of the fiscal cliff. only 26% support joan boehner. so the politics of it is not even working for them. they're purists, but they're not being practical, even politically. everyone as they don't stand for what you and i may think is the right thing. they're not even being practical about this. >> well, with taxes, it's so complicated because the republican...
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they're trying to figure out how to avert the so-called fiscal cliff. not a lot of hope of a deal at this point but some argue because the reason is because neither side has an incentive for a deal. do you buy that theory? it's our "news nation" gut check today. you can join us. we are on facebook. there's the address. [ woman ] ring. ring. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. >>> there's a lot going on this last friday of 2012. here's some of the things we thought you should know. tributes continue to come in for general norman schwarzkopf and nick nated stormin' norman for that legendary temper. he died yesterday in tampa of complications of pneumonia. he's credited for the plan that drove saddam hussein's forces out of kuwait during the first gulf war. president obama said in part, quote, we have lost an american original. general schwarzkopf stood fall for the co
they're trying to figure out how to avert the so-called fiscal cliff. not a lot of hope of a deal at this point but some argue because the reason is because neither side has an incentive for a deal. do you buy that theory? it's our "news nation" gut check today. you can join us. we are on facebook. there's the address. [ woman ] ring. ring. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100...
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. >>> coming up, more on tonight's breaking news of the fiscal cliff with former labor secretary, robert reich, and amanda turco of "the huffington post." >>> then, chicago reaches the tragic milestone of 500 homicides in 2012. reverend jesse jackson will join me to discuss curbing gun violence in our cities. we'll be right back. >>> so the american people are watching what we do here. obviously, their patience is already thinning. this is deja vu all over again. america wonders why it is that in this town, for some reason, you can't get stuff done in an organized timetable. >> when the president has to quote yogi berra, you know it's tough. that was president obama lamenting the state of affairs in washington, d.c. indeed, today's congress is on track to go down as the least productive congress since recordkeeping began. the 112th congress will come to a merciful end in early january. it has passed 219 bills that have actually been signed into law by president obama, according to the "huffington post." many of them insignificant measures like naming post offices. speaker john boehner's
. >>> coming up, more on tonight's breaking news of the fiscal cliff with former labor secretary, robert reich, and amanda turco of "the huffington post." >>> then, chicago reaches the tragic milestone of 500 homicides in 2012. reverend jesse jackson will join me to discuss curbing gun violence in our cities. we'll be right back. >>> so the american people are watching what we do here. obviously, their patience is already thinning. this is deja vu all over...
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worst of the fiscal cliff. please stay with us. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. i wish my patients could see what i see. ♪ that over time, having high cholesterol and any of these risk factors can put them at increased risk for plaque buildup in their arteries. so it's even more important to lower their cholesterol, and that's why, when diet and exercise alone aren't enough, i prescribe crestor. in a clinical trial versus lipitor, crestor got more high-risk patients' bad cholesterol to a goal of under 100. [ female announcer ] crestor is
worst of the fiscal cliff. please stay with us. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees...
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we've got three days to go until we go off that cliff, the fiscal cliff. new today one key congressman is giving us a sober status report of where things are. >> i think there is a sense of urgency, t.j., just because of where we are. we're right at the deadline. as a matter of fact, it looks like we will be here on new year's eve and possibly new year's day. they've already alerted us, members of the house, to look at the possible way of doing that. >> at this hour, senate leaders are scrambling to piece together a last-minute deal to avoid middle class tax hikes and possibly delay steep spending cuts. both sides weighing inned to. >> congress can prevent it from happening if they act now. leaders in congress are working on a way to prevent this tax hike on the middle class, i believe we may be able to reach an agreement that can pass both houses in time. >> republicans hope to work across the aisle to solve these and other critical challenges facing america in the new year. divided government is a good time to solve hard problems. and in the next few day
we've got three days to go until we go off that cliff, the fiscal cliff. new today one key congressman is giving us a sober status report of where things are. >> i think there is a sense of urgency, t.j., just because of where we are. we're right at the deadline. as a matter of fact, it looks like we will be here on new year's eve and possibly new year's day. they've already alerted us, members of the house, to look at the possible way of doing that. >> at this hour, senate leaders...
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kristin, let's get to the fiscal cliff in a moment. you've got some breaking news. >> reporter: i do. we have some breaking news on secretary clinton's health. as you know, he was admitted to the hospital due to a clot. of course, she had fainted a couple weeks ago and she's been recovering ever since. i'm going to read you this statement from her doctors. they say this is a clot in the vein that is situated in the space between the brain and the skull behind the right ear. it did not result in a stroke or neurological damage. to help dissolve this clot her medical team began treating the secretary with blood thinners. she will be released once the medication dose has been established in all other aspects of her recovery. the secretary is making excellent progress and we are confident she will make a full recovery. she is in good spirits engaging with her doctors, her family, and her staff. so, again, those are from her doctors who are treating her in new york, and really the bottom line there is that she is expected to make a full rec
kristin, let's get to the fiscal cliff in a moment. you've got some breaking news. >> reporter: i do. we have some breaking news on secretary clinton's health. as you know, he was admitted to the hospital due to a clot. of course, she had fainted a couple weeks ago and she's been recovering ever since. i'm going to read you this statement from her doctors. they say this is a clot in the vein that is situated in the space between the brain and the skull behind the right ear. it did not...
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that divorce is not yet final. >>> wall street anxiously watching the fiscal cliff finale along with the rest of us. cnbc's mary thompson is live at the new york stock exchange with what's moving your money. tough week for stocks last week, mary. what are investors looking for today? >> it looks like a slightly more optimistic tone in the markets this morning, chris. the major averages higher across the board as the number of headlines suggest that progress is being made on perhaps a band-aid or smaller deal to avoid the fiscal cliff. that is giving investors some hope today after what you mentioned was a very difficult week last week. we had five straight sessions of losses for the major indices. as basically the realization started to grow we aren't going to reach any kind of grand bargain. i think if you looked back about two months ago investors were more optimistic this would indeed happen. again as we moved toward that deadline right now investors are hoping at least for a small deal. so that is why we're seeing some strength in the markets today. interesting to note, though, i
that divorce is not yet final. >>> wall street anxiously watching the fiscal cliff finale along with the rest of us. cnbc's mary thompson is live at the new york stock exchange with what's moving your money. tough week for stocks last week, mary. what are investors looking for today? >> it looks like a slightly more optimistic tone in the markets this morning, chris. the major averages higher across the board as the number of headlines suggest that progress is being made on...
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the house of representatives is reconvening to consider the fiscal cliff deal. overwhelmingly approved by the senate in the wee hours of this new year. republicans meet at 1:00. the democrats are said to be going in now and that vice president joe biden who, of course, was key in making the senate deal happen, will be in that caucus, we're told. big questions, though, still outstanding. when might the house vote on this deal? can speaker boehner come up with the votes to pass it? or will republicans try to amend it and end send it back. good day. happy new year. i'm chris jansing. there are a lot of moving parts on capitol hill. let's get right to nbc's luke russert who is on the hill and where things stand. first, let's listen into the start of this session. >> the speakers are in washington d.c., january 1, 2013. i hereby hereby appoint the honorable robert j. dole to act as speaker in temporary on this day, signed john a. boehner, speaker of the house of representatives. >> the prayer will be offered by our chaplain father conroy. >> let us pray. eternal god,
the house of representatives is reconvening to consider the fiscal cliff deal. overwhelmingly approved by the senate in the wee hours of this new year. republicans meet at 1:00. the democrats are said to be going in now and that vice president joe biden who, of course, was key in making the senate deal happen, will be in that caucus, we're told. big questions, though, still outstanding. when might the house vote on this deal? can speaker boehner come up with the votes to pass it? or will...
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whether we be back in a moment with breaking news and an apparent deal to avoid the fiscal cliff. you are watching msnbc, the place for politics. the truth about mascara is... it clumps. introducing a revolutionary new mascara. clump crusher...crusher. 200% more volume. zero clumps. new clump crusher from easy, breezy, beautiful covergirl. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. >>> welcome back. joining us now is nbc news capitol hill correspondent kelly o'donnell. kelly, what is the latest from there right now? >> well, what an evening it's been there is a breaking development that you've been talking about, this agreement reached between the vice president and the republican leader in the senate, mitch mcconnell. what has been happening is their top advisers and their most trusted experts on their staffs have been hammering thi
whether we be back in a moment with breaking news and an apparent deal to avoid the fiscal cliff. you are watching msnbc, the place for politics. the truth about mascara is... it clumps. introducing a revolutionary new mascara. clump crusher...crusher. 200% more volume. zero clumps. new clump crusher from easy, breezy, beautiful covergirl. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block...
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. >>> finally, what's a woman in a bikini have to do with the fiscal cliff? ask "the new york post." there she is on today's front page leaping off an actual cliff. "off the fiscal cliff, this fall is really going to hurt." that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're watching "hardball," the place for politics. she knows you like no one else. and you wouldn't have it any other way. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis
. >>> finally, what's a woman in a bikini have to do with the fiscal cliff? ask "the new york post." there she is on today's front page leaping off an actual cliff. "off the fiscal cliff, this fall is really going to hurt." that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're...
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the house has already passed legislation to avoid the entire fiscal cliff. >>> the president gets set to land in washington this hour. there's new word that the president has called all four congressional leaders. reid, mcconnell, boehner and pelosi. . joining me to talk more, we have peter alexander standing by at the white house as well as nbc's mike viqueira on capitol hill. some verbal smackdown, basically flipping the lights back on and harry reid taking to the floor to eviscerate speaker boehner. >> the sad part is you often seen the floor opened that way. mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we go through the fiscal cliff, obviously not encouraging. harry reid says time is running hout. he doesn't know if they could go through the legislative hurdles. if they have the votes around here, they can legislate the sky is green and the grass is blue. that's not an issue. what harry reid is really saying is mitch mcconnell, get on board, don't try to filibuster. of course they're talking
the house has already passed legislation to avoid the entire fiscal cliff. >>> the president gets set to land in washington this hour. there's new word that the president has called all four congressional leaders. reid, mcconnell, boehner and pelosi. . joining me to talk more, we have peter alexander standing by at the white house as well as nbc's mike viqueira on capitol hill. some verbal smackdown, basically flipping the lights back on and harry reid taking to the floor to eviscerate...
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we do have a new congress coming back in. we keep talking about the so-called fiscal cliff. there are consequences for inaction if that countdown clock gets to zero and there's no deal and no deal has been reached. >> jonathan, thank you. to your point, it's remarkable to me that what we're debating is exactly what we were debating six months ago. it's not as though something has happened recently. this is the debate we've been having or the debate we haven't been having making it all the more remarkable that we have a countdown clock for it. thank you. >> that's right. >> a deal on the fiscal cliff may be at hand, but there's still a lot to do, and not a lot of time to do it. delaware democratic senator chris kuhns. thank you for taking the time. i want to talk about something first that your colleague tom hashi harken said on the senate floor. let's come back and talk about it. >> it looks like all of the taxes will be made permanent, but all of the other things that the middle class and america really depends on. one year or two years at the most, but the tax system is ma
we do have a new congress coming back in. we keep talking about the so-called fiscal cliff. there are consequences for inaction if that countdown clock gets to zero and there's no deal and no deal has been reached. >> jonathan, thank you. to your point, it's remarkable to me that what we're debating is exactly what we were debating six months ago. it's not as though something has happened recently. this is the debate we've been having or the debate we haven't been having making it all the...
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happy new year, as we count down to the fiscal cliff here on "morning joe." with us now from the new york stock exchange, we have cnbc's mary thompson. mary, it's good to have you on this morning. first of all, how's wall street? i mean, we're preparing for whatever the reaction might be to whatever the pitiful little plan that might happen today is. >> you know, right now what we're setting up for is probably a lower open here on wall street. if you look at how the markets reacted over the last five sessions, they've had a five-session losing streak, so it looks like we could be on track for a sixth. what this reflects is the growing expectations, obviously, that a grand bargain on the fiscal cliff won't be reached. now, there still remains some hope here on wall street that maybe a band-aid measure will be reached by day's end. nevertheless, a number of traders told me, they say you know, even if we go over the cliff, they'll probably do a short-term fix at least in the early days of 2013. the problem is is that they don't expect the uncertainty that oversh
happy new year, as we count down to the fiscal cliff here on "morning joe." with us now from the new york stock exchange, we have cnbc's mary thompson. mary, it's good to have you on this morning. first of all, how's wall street? i mean, we're preparing for whatever the reaction might be to whatever the pitiful little plan that might happen today is. >> you know, right now what we're setting up for is probably a lower open here on wall street. if you look at how the markets...
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. ♪ ho ho ho ♪ green giant >>> coming up, more on tonight's breaking news of the fiscal cliff with former labor secretary, robert reich, and amanda turco of "the huffington post." >>> then, chicago reaches the tragic milestone of 500 homicides in 2012. reverend jesse jackson will join me to discuss curbing gun violence in our cities. we'll be right back. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >>> so the american people are watching what we do here. obviously, their patience is already thinning. this is deja vu all over again. america wonders why it is that in this town, for some reason, you can't get stuff done in an or
. ♪ ho ho ho ♪ green giant >>> coming up, more on tonight's breaking news of the fiscal cliff with former labor secretary, robert reich, and amanda turco of "the huffington post." >>> then, chicago reaches the tragic milestone of 500 homicides in 2012. reverend jesse jackson will join me to discuss curbing gun violence in our cities. we'll be right back. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you...
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remember, new year's eve obviously the fiscal cliff deadli deadline. thursday at noon the deadline for the current congress and then they won't have to restart the clock on pending legislation. >> so i know -- >> i'm glad you mentioned that. let's look bigger picture. this is set to be the least productive congress in history. 219 bills in this congress. >> right. >> the next lowest level was 333 bills during the '90s. so tremendously unproductive congress. as you mentioned, the new one will be sworn in and not looking a whole lot different. is this the new normal, the do-nothing congress? >> i think until we can sort of clear out of these fiscal issues, whether that's tonight or tomorrow, whether that's mid march, it is very difficult for other issues to rise to the to because of the nation's fiscal health and the global economy is at risk. we're going to see the administration roll out a gun control package at some point in january, perhaps as part of the state of the union in february. those are who major domestic policies sitting there. if the fisc
remember, new year's eve obviously the fiscal cliff deadli deadline. thursday at noon the deadline for the current congress and then they won't have to restart the clock on pending legislation. >> so i know -- >> i'm glad you mentioned that. let's look bigger picture. this is set to be the least productive congress in history. 219 bills in this congress. >> right. >> the next lowest level was 333 bills during the '90s. so tremendously unproductive congress. as you...
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finally, what's a woman in a bikini have to do with the fiscal cliff? ask "the new york post." there she is on today's front page leaping off an actual cliff. off the fiscal cliff, this fall is really going to hurt. that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're watching haum, the place for politics. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their familie
finally, what's a woman in a bikini have to do with the fiscal cliff? ask "the new york post." there she is on today's front page leaping off an actual cliff. off the fiscal cliff, this fall is really going to hurt. that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're watching haum, the place...
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. >>> coming up, more on tonight's breaking news of the fiscal cliff with former labor secreta secretary, robert reich, and amanda turco of "the huffington post." >>> then, chicago reaches the tragic milestone of 500 homicides in 2012. reverend jesse jackson will join me to discuss curbing gun violence in our cities. we'll be right back. sure. decaf or regular? regular. cake or pie? pie. apple or cherry? cherry. ♪ oil or cream? oil or cream? cream. [ male announcer ] with reddi-wip, a slice of pie never sounded better. that's because it's always made with real cream, never hydrogenated oil like some other whipped toppings. the sound of reddi-wip is the sound of joy. so we created the extraordinarily comfortable sleep number experience. a collection of innovations designed around a bed with dualair technology that allows you to adjust to the support your body needs - each of your bodies. our sleep professionals will help you find your sleep number setting. exclusively at a sleep number store. comfort individualized. save 50% on the final closeout of our silver limited edition bed plus s
. >>> coming up, more on tonight's breaking news of the fiscal cliff with former labor secreta secretary, robert reich, and amanda turco of "the huffington post." >>> then, chicago reaches the tragic milestone of 500 homicides in 2012. reverend jesse jackson will join me to discuss curbing gun violence in our cities. we'll be right back. sure. decaf or regular? regular. cake or pie? pie. apple or cherry? cherry. ♪ oil or cream? oil or cream? cream. [ male announcer...
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over the fiscal curve on sunday night. >> if we go over the cliff, mr. president, the house of representatives as we speak with four days left after today with the first of the year, aren't here. i can't mamg they are out wherever they r and we are here trying to get something done. >> president obama called leaders last night and tomorrow afternoon we will meet with the speaker and mix mcconnel and harry reid to see if they can avoid going off the fiscal curb on january 1st. today harry reid emphasized that there is ome one reason why they are unable to reach an agreement so far. >> this has been going on for years. they cannot cross over the threshold. people are not propose iing mak the taxes like them. john boehner could not even pass the tax proposal he passed over there. he said no, can't do that. didn't he bring it up for a vote? >> tonight, speaker boehner's office put out this statement. >> joining me now are our guests. clearly the positioning game continues. harry reid saying we did our job months ago. do you think we til would be@posturing st
over the fiscal curve on sunday night. >> if we go over the cliff, mr. president, the house of representatives as we speak with four days left after today with the first of the year, aren't here. i can't mamg they are out wherever they r and we are here trying to get something done. >> president obama called leaders last night and tomorrow afternoon we will meet with the speaker and mix mcconnel and harry reid to see if they can avoid going off the fiscal curb on january 1st. today...
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. >>> finally, what's a woman in a bikini have to do with the fiscal cliff? ask "the new york post." there she is on today's front page leaping off an actual cliff. "off the fiscal cliff, this fall is really going to hurt." that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're watching "hardball," the place for politics. check out my new treadmill app. pretty sweet, huh? cute. but don't you have any apps on your phone that can make your life easier? who do you think i am, quicken loans? at quicken loans, we'll provide you with myql mobile. this amazingly useful app allows you to take pictures of your mortgage documents using an iphone or android smart phone... so you can easily send them to us. one more way quicken loans is engineered to amaze. ooh, la-la! >>> i'm craig melvin. we have some breaking news at this hour. nbc news laz learned president obama will host a meeting tomo
. >>> finally, what's a woman in a bikini have to do with the fiscal cliff? ask "the new york post." there she is on today's front page leaping off an actual cliff. "off the fiscal cliff, this fall is really going to hurt." that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're...
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>>> still no signs of a deal in the senate right now on how to avert the fiscal cliff. let's bring back the senior editor of "the new republic" and author of "the escape artists, how obama's team fumbled the recovery" and ed o'keefe congressional reporter for the "washington post." thanks to both of you for coming back here. ed, do you think the deal is dead right now? >> no, by no means. as we understand it, negotiations are continuing. right now both parties in the senate are meeting behind closed doors to discuss what was going on and what they may or may not be able to agree to as you've reported throughout the hour. mitch mcconnell has reached out to vice president biden, two experienced legislative hands who have worked together on these types of deals before. if anyone at this late hour could get a deal done it would likely be these two. keep in mind, no matter what deal is crafted on in the senate, voted on tonight and tomorrow morning it still has to get passed here in the house where i'm standing right now. we were talking to tom cole a little while ago on the
>>> still no signs of a deal in the senate right now on how to avert the fiscal cliff. let's bring back the senior editor of "the new republic" and author of "the escape artists, how obama's team fumbled the recovery" and ed o'keefe congressional reporter for the "washington post." thanks to both of you for coming back here. ed, do you think the deal is dead right now? >> no, by no means. as we understand it, negotiations are continuing. right now...
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cliff into flux because, as we have been discussing, a brand new congress is sworn in on thursday. the senate has said they're not likely to take up anything the house does to begin with and if the new congress is sworn in, the legislative slate is wiped clean and we start over. and there is mayhem and chaos surrounding markets and anger, if there can be any more anger and frustration toward washington because people's paychecks will be checked at a higher rate. let's review what's happened in the last ten days. john boehner and eric cantor put their plan "b" on a friday on the floor 69 house of representatives. it set the income threshold at $1 million over which you would be taxed at a higher rate. they wanted to do that because you simply can't beat something with nothing. they wanted to have something to send over to the senate to negotiate with in addition to what they had sent over last summer which was pretty much a nonstarter that they had recognized. that crashed and burned and went down in flames at which point john boehner said, look, it's up to the senate. they can nego
cliff into flux because, as we have been discussing, a brand new congress is sworn in on thursday. the senate has said they're not likely to take up anything the house does to begin with and if the new congress is sworn in, the legislative slate is wiped clean and we start over. and there is mayhem and chaos surrounding markets and anger, if there can be any more anger and frustration toward washington because people's paychecks will be checked at a higher rate. let's review what's happened in...
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the new year and the so-called fiscal cliff. for the record, though, it's about 178 hours away if we're getting down to the wire. that's specifically. how much negotiating can be squeezed in to that little bit of time? >>> new numbers on whether exist consumers are buying less. >>> and just in time for the holiday, a christmas storm expecting to hit the midwest. when, where and how much snoi is expected. we bring the answers in minutes. >>> we start with optimism as a last words that comes to mind with the fiscal cliff and with just a week left for talks left, la lawmakers are saying a deal is looking less likely than ever. >> it's a first time i feel it's more likely that we'll go over the cliff than not. and that -- if we allow that to happen it will be the most coloss colossal, consequential act of congressional irresponsibility in a long time. maybe ever in american history because of the immaterial pact on almost every single american. >> what will happen to an average american paycheck in a deal is not reached by january 1
the new year and the so-called fiscal cliff. for the record, though, it's about 178 hours away if we're getting down to the wire. that's specifically. how much negotiating can be squeezed in to that little bit of time? >>> new numbers on whether exist consumers are buying less. >>> and just in time for the holiday, a christmas storm expecting to hit the midwest. when, where and how much snoi is expected. we bring the answers in minutes. >>> we start with optimism as a...
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fiscal cliff. we'll have more on that tomorrow. now, back to "hardball" previously in progress. >> wealthiest americans including to a george washington university poll. 60% say yes, they should. on the question of immigration, the country is not as divided as people may think. ron, on all of these fronts, people seem to be taking a tolerant view of people in trouble and not a particularly happy view of people with money that they feel have gotten off scot-free. i think that's a generalization. >> well, indeed. it's actually one percent that doesn't represent the majority of the country. if you ask 99 mnt of the peop% they're not going to say yeah, i really hate that. i really feel sorry for those very rich people. who are going to have to pay a little bit more out of their pocket. but the fight goes on politically in washington, of course, in terms of taxes and budget and everything else. the assault on the welfare state continues. the right wing may give up on gay marriage and things like that, b
fiscal cliff. we'll have more on that tomorrow. now, back to "hardball" previously in progress. >> wealthiest americans including to a george washington university poll. 60% say yes, they should. on the question of immigration, the country is not as divided as people may think. ron, on all of these fronts, people seem to be taking a tolerant view of people in trouble and not a particularly happy view of people with money that they feel have gotten off scot-free. i think that's a...
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. >>> new year's resolution? will a last-minute fiscal cliff deal get done? and if it does what will it look like. >>> we have a deal. we may still get hit with an automatic tax hike. how much will that cost you? in time for the new year, a new snowstorm headed to the northeast. we'll let you know how bad this will get. and the yore in review, up with of the most unique and appalling takes on the year in review. good morning to you all. welcome to weekends with alex witt. no alex today. taking a much deserved weekend off. i'm t.j. holmes, good to be with you. new this morning, president obama outlining his course of action if we all go off the cliff. >> if an agreement isn't reached on time, then i'll urge the senate to hold an up-or-down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job and lays the ground work for more economic growth and deficit reduction. >> the president is optimistic that a deal can be reached midnight on new year's eve. listen to senate m
. >>> new year's resolution? will a last-minute fiscal cliff deal get done? and if it does what will it look like. >>> we have a deal. we may still get hit with an automatic tax hike. how much will that cost you? in time for the new year, a new snowstorm headed to the northeast. we'll let you know how bad this will get. and the yore in review, up with of the most unique and appalling takes on the year in review. good morning to you all. welcome to weekends with alex witt. no...
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unless something drastic changes in the next five hours, america will be going over the fiscal cliff. we do know that after intense negotiations between senate minority leaders, let me show you the highlights. $600 billion in revenue will be raised over the next decade through a series of raises on taxes for the wealthiest americans. and those rates would also carry over for couples making under 450,000. any income above those two numbers would be taxed at 39.6 pnt. the top tax rate under president clinton. and capital gains taxes above those amounts would be increased to 20%, that is up from 15%. this tax deal would also create a perm naanent fix for the alternative minimum tax and extend unemployment insurance for 2 million americans. the president made it clear what his top priority is in any deal. >> preventing that tax hike has been my top priority. because the last thing folks like the folks up here on the stage can afford right now is to pay an extra $2,000 in taxes next year. middle class families can't afford it. businesses can't afford it. our economy can't afford it. >> jus
unless something drastic changes in the next five hours, america will be going over the fiscal cliff. we do know that after intense negotiations between senate minority leaders, let me show you the highlights. $600 billion in revenue will be raised over the next decade through a series of raises on taxes for the wealthiest americans. and those rates would also carry over for couples making under 450,000. any income above those two numbers would be taxed at 39.6 pnt. the top tax rate under...
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with less than 15 hours to go before the fiscal cliff deadline, the new year's countdown is taking on a whole new meaning. >>> health scare. just days before secretary of state hillary clinton was set to return to work, she suddenly is hospitalized for a blood clot stemming from that concussion she sustained recently. >>> and in an nbc news exclusive, president obama lays out his second-term priorities, and guns didn't make the list. >>> plus, is there new hope for chuck hagel? the president defends his possible defense secretary pick. >>> good morning from washington. it's the last day of the year, december 31st, 2012, and this is "the daily rundown." i'm chris cillizza in for chuck todd. with sweeping tax increases and across-the-board spending cuts set to take effect at midnight, even lawmakers are now publicly pessimistic about the ability of congress to, well, get anything done. at best, democrats and republicans will patch together a limited, short-term deal to avoid the most immediate economic impacts of the fiscal cliff. with 15 hours to go and counting, members of congress ar
with less than 15 hours to go before the fiscal cliff deadline, the new year's countdown is taking on a whole new meaning. >>> health scare. just days before secretary of state hillary clinton was set to return to work, she suddenly is hospitalized for a blood clot stemming from that concussion she sustained recently. >>> and in an nbc news exclusive, president obama lays out his second-term priorities, and guns didn't make the list. >>> plus, is there new hope for...
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they may have the political advantage of this deal, but the fiscal cliff could tip the country back into a recession. consumers are worried they'll start to pick up on the news and once it hits their paychecks they'll definitely feel it. >> do you think the consumers are paying as close attention as we'd like to think that they are. i think they are even though it's holiday time and going back to businesses and i was at the white house when president obama had a series of businesses with small business and big business owners and all of them had the same message. we want consumer confidence to remain strong and we want certainty for our businesses and even a ceo like lloyd blankfein of goldman sachs was out there and said he doesn't want taxes to go up on anybody, but compromise is the order of the day and from congress for business leaders. >> david jackson, you mentioned the white house has the political upper hand here. do you think if a new deal is reached that they maintain the political upper hand going into january and going into february as the debt limit negotiations start? >> t
they may have the political advantage of this deal, but the fiscal cliff could tip the country back into a recession. consumers are worried they'll start to pick up on the news and once it hits their paychecks they'll definitely feel it. >> do you think the consumers are paying as close attention as we'd like to think that they are. i think they are even though it's holiday time and going back to businesses and i was at the white house when president obama had a series of businesses with...
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so to avoid this utterly upness artificial fiscal cliff crisis, all they need to do is approve something small. but it's something republicans remain reluctant to do, and will only do, if they do, at the last minute, after having then str t demonstrated to tea party supporters they did everything they could. >> i wonder if we should be surprised. do you see any short term way to fix this? what is your thoughts about the chances here? >> yeah, listen, there are fewer competitive seats. many more safe seats, largely as a result of an idealogical and geographical sorting. gerrymandering contributing it to, but it's by no means the main factor. the things that we can do in the long run, but in the short term, republicans have to feel that they have to change, they have to open their party, broaden the base if they are to avoid falling into permanent minority party status. >> thomas mann, thank you so much. >>> for republicans, losing the political fight over the plik may not be the down side of the strategy, it may be the strategy itself. that's ahead when we continue right after this. with
so to avoid this utterly upness artificial fiscal cliff crisis, all they need to do is approve something small. but it's something republicans remain reluctant to do, and will only do, if they do, at the last minute, after having then str t demonstrated to tea party supporters they did everything they could. >> i wonder if we should be surprised. do you see any short term way to fix this? what is your thoughts about the chances here? >> yeah, listen, there are fewer competitive...
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fears of falling off the fiscal cliff are fueling this pessimism. 45% think it's unlikely a budget deal will be reached between the president and congress. but nbc news's political director chuck todd says despite that possibility, going for a small, stripped down agreement isn't all good. >> i think politically, the president's making a mistake to go for a small deal. he'll lose leverage as the year goes on. he'll get a big political victory but he should try one more time for the big deal. you had nearly 200 house republicans about to vote to raise taxes on millionaires. >> joining me now, joe sustek and david winston. thank you both for being here today. i'll start with you, congressman. does the president's ability to get what he wants diminish over time? should he go big one more time? >> for the american people. it is not about him and his leverage. i think the president needs to try to reach the big compromise with speaker boehner and the two men came very close. they were a few hundred billion dollars away. we need $3 trillion in debt redust over a decade. we have $1 trillion of
fears of falling off the fiscal cliff are fueling this pessimism. 45% think it's unlikely a budget deal will be reached between the president and congress. but nbc news's political director chuck todd says despite that possibility, going for a small, stripped down agreement isn't all good. >> i think politically, the president's making a mistake to go for a small deal. he'll lose leverage as the year goes on. he'll get a big political victory but he should try one more time for the big...
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a lot to tell you about the fiscal cliff. first, breaking news. we just got this from the associated press. secretary of state hillary clinton has been admitted to the hospital with a blood clot. following that concussion, you'll remember, she suffered a concussion after becoming severely dehydrated and she fell earlier this month. we should say, nbc news has not confirmed this report. let's go to nbc's kristin welker, who is at the white house. my understanding was, kristin, she had been expected to go back to work soon. >> reporter: that was our understanding. secretary of state, officials with the department, essentially saying that she was getting better, they expected her to return to work soon. of course, we learned about the fact that she was not feeling well, that she was ill, she had the flu a couple of weeks ago, and then a couple days after that, we learned that she became dehydrated, fell, suffered a concussion, as you said. at that point in time, officials with her department said she was at home, he was resting, she was getting medic
a lot to tell you about the fiscal cliff. first, breaking news. we just got this from the associated press. secretary of state hillary clinton has been admitted to the hospital with a blood clot. following that concussion, you'll remember, she suffered a concussion after becoming severely dehydrated and she fell earlier this month. we should say, nbc news has not confirmed this report. let's go to nbc's kristin welker, who is at the white house. my understanding was, kristin, she had been...
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so tell us, what can the average person do to sort of thwart against the realities of the fiscal cliff? >> my first tip is just relax. it's not going to be armageddon right off the bat. i mean, it is worth pointing out we hear the humongous figures like $500 billion in tax increases and stuff like that. most of those will not affect people until it's time to fill out the tax returns and won't happen until 2014. say the tax rates go up, the government is not going to automatically withhold more money from the paycheck and the tax rates can be in effect for most of the year. we hope they're not but congress could rescind them toward the end of the year and one thing to affect you is the payroll tax cut, two percentage points and spoebed to be temporary anyway. >> rick, one of the suggestions that you have, turn off the tv until congress reaches a deal. the media will find little else to talk about. the endless chatter creates the mistaken impression that the country is going down the drain. >> turn off all the other channels is what i meant. >> you leave the impression we're fearmongerin
so tell us, what can the average person do to sort of thwart against the realities of the fiscal cliff? >> my first tip is just relax. it's not going to be armageddon right off the bat. i mean, it is worth pointing out we hear the humongous figures like $500 billion in tax increases and stuff like that. most of those will not affect people until it's time to fill out the tax returns and won't happen until 2014. say the tax rates go up, the government is not going to automatically withhold...
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it's convenient because there's a news hook for the fiscal cliff for january 1st and calling this now b.c. before cliff, and coming back after january 1st and a.c. and talking about the same level of what do we do about the issues? because even though we're focused on a deal -- >> right. >> -- the reality here is there are spending and revenue issues irrespective of a deal not solving them by midnight on december 31st and talking about a suite for issues for many months and the debt ceiling raising this yet again in a different form but taxes are going up nominally on january 1st. >> why not call the house back? what's the thinking here in not at least having the 435 me believes of the house of representatives in d.c. and other business they could be handling and politically, when's the thinking here? >> are you asking me to act rationally on behalf of john boehner? i have to tell you something, i cannot figure out this man's thinking. here's point number one. every poll shows that americans blame republicans in the house more than the president going over the cliff. why is it in thei
it's convenient because there's a news hook for the fiscal cliff for january 1st and calling this now b.c. before cliff, and coming back after january 1st and a.c. and talking about the same level of what do we do about the issues? because even though we're focused on a deal -- >> right. >> -- the reality here is there are spending and revenue issues irrespective of a deal not solving them by midnight on december 31st and talking about a suite for issues for many months and the debt...
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dan, will we go over the fiscal cliff? >> i'm afraid we will. i think it will get fixed right after right into the new year but i don't think it will get solved. >> something small, kicking the can down the road? >> correct. >> that same old thing. >> deal with the impasse until we get to the debt ceiling impasse. >> we'll talk about the politics of that coming up. former governor of pennsylvania and nbc news political analyst, ed rendell. ed, are we going over the cliff? >> no, i think we will kick the can down the road emphatically, but we won't go over the cliff. >> wow. director of the earth institute, economist dr. jeffrey sachs. if we do, should we? >> more of the same because we're not going to solve anything, even if there's a deal today, we're going to see exactly that same tape replayed in two months, four months, six months. so i think there will be some kind of deal today, tomorrow, but it won't solve any of the basic issues. >> so a doomsday deadline would not have worked in this case? it will be the same thing. >> yes, because eith
dan, will we go over the fiscal cliff? >> i'm afraid we will. i think it will get fixed right after right into the new year but i don't think it will get solved. >> something small, kicking the can down the road? >> correct. >> that same old thing. >> deal with the impasse until we get to the debt ceiling impasse. >> we'll talk about the politics of that coming up. former governor of pennsylvania and nbc news political analyst, ed rendell. ed, are we going...
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thank you. >> have a good new year. >>> the possible fiscal cliff isn't the only thing happening at the stroke of midnight. more than 400 new laws take effect. some have a major impact including in new hampshire partial birth abortions will be banned. same sex couples will be able to marry in maryland. also registered sex offenders in illinois will no longer be able to dress up like santa or the easter bunny and will not be allowed to hand out candy on halloween. then there are some laws that just make you kind of go, hum. it will now be illegal for employers to require or request social media passwords in several states including maryland, new jersey, and delaware. motorcyclists in illinois can now run a red light if that light fails to change. in florida, your swamp buggy will no longer be considered a motor vehicle. >>> it is about 50/50 right now. i obviously would like to see a deal that would avoid the cliff but it depends on the content of the deal. >> it's a shame and disgrace that we are where we are. the american people are fed up first of all with this process. secondly, with
thank you. >> have a good new year. >>> the possible fiscal cliff isn't the only thing happening at the stroke of midnight. more than 400 new laws take effect. some have a major impact including in new hampshire partial birth abortions will be banned. same sex couples will be able to marry in maryland. also registered sex offenders in illinois will no longer be able to dress up like santa or the easter bunny and will not be allowed to hand out candy on halloween. then there are...
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cliff before the new year. and president obama has cut his vacation one day short and heading back today. does it still look doable? >> there is hope for a deal but confidence in that grand bargain has already but disappeared. >> reporter: americans are already taking a hard look at their wallets as confidence in the fiscal cliff diminishes. >> i don't think there is a grand bargain but hope a deal will be cut. >> reporter: if congress doesn't change tax cuts in day, middle income earners will owe extra by the end of the year and they will cut back on auto industry, apparel and entertainment. >> once they cut back on that, that will be dramatic. >> reporter: retailers support 1 in 4 american jobs and if the downturn intensifies, those jobs are at risk. >> if retailers stop creating jobs, the economy as a whole stops creating jobs. >> reporter: the weight is excruciating for some and president obama left them $200 billion apart. >> the president was $200 billion higher on revenues and speaker boehner, $200 billi
cliff before the new year. and president obama has cut his vacation one day short and heading back today. does it still look doable? >> there is hope for a deal but confidence in that grand bargain has already but disappeared. >> reporter: americans are already taking a hard look at their wallets as confidence in the fiscal cliff diminishes. >> i don't think there is a grand bargain but hope a deal will be cut. >> reporter: if congress doesn't change tax cuts in day,...
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Dec 30, 2012
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president, i guess the good news is that i'm rising today not to speak about the fiscal cliff, but what i'm speaking about is not good news because it deals with the tragic events that occurred in benghazi, libya, on september 11th when -- >> we are watching senator joe lieberman of that's joe lieberman talking about the fiscal cliff issue. let's go to luke russert, who is in washington following all of this as it somewhat progresses, or not. what is the latest that you're hearing? >> well, if i was not mistaken, harry reid said they would meet tomorrow morning at 11:00 a.m., which leads me to believe that doing anything tonight is probably not a possibility. obviously we'll have to check that. but talking to folks around the building, there are a few things that have come up. i spoke to senator conrad of north dakota. he was very adamant saying the republicans wanted to much in regard to the estate tax. democrats want to extend that, up to 35% of an estate. the most interesting thing i found out, i talked to one high ranks republican member and they said we're preparing our members tha
president, i guess the good news is that i'm rising today not to speak about the fiscal cliff, but what i'm speaking about is not good news because it deals with the tragic events that occurred in benghazi, libya, on september 11th when -- >> we are watching senator joe lieberman of that's joe lieberman talking about the fiscal cliff issue. let's go to luke russert, who is in washington following all of this as it somewhat progresses, or not. what is the latest that you're hearing?...
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Dec 27, 2012
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all eyes on the fiscal cliff talks in washington. on the radar, deadly storms trigger travel chaos. good news about nelson mandela's health and a very, very expensive day for toyota. first the storm system that claimed at least lives. overnight it pushed from indiana to maine. some areas got heavy snow and it's expected through the northeast today. it triggered a portfolio christmas travel nightmare. 2,000 flights have been canceled and 10,000 have been delayed. spending a lot of time with in-laws because of the weather. south african president nelson mandela is out of the hospital. the 94-year-old will receive home-based care. he is recovering from a lung infection and a procedure to remove gall stones. toyota agreed to a $1.1 billion class action settlement over complaints that cars accelerated without warning. owners of 16 million toyota, lexus and sion vehicles will be eligible depending on the make and the model. what a story that was years ago. with gridlock in capitol hill synonymous, there lessons to be learned from dwight eisenhower's success in working by the opposing part
all eyes on the fiscal cliff talks in washington. on the radar, deadly storms trigger travel chaos. good news about nelson mandela's health and a very, very expensive day for toyota. first the storm system that claimed at least lives. overnight it pushed from indiana to maine. some areas got heavy snow and it's expected through the northeast today. it triggered a portfolio christmas travel nightmare. 2,000 flights have been canceled and 10,000 have been delayed. spending a lot of time with...
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Jan 1, 2013
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will be going over the fiscal cliff in just four hours. even though republicans and democrats have agreed on a plan for tax rates as one part of the fiscal cliff negotiations, there will be no vote on such a plan in the house tonight. the lower chamber has adjourned until tomorrow at noon. but over in the senate, lawmakers say they could see a vote on that agreement some time before morning. >> i think there is going to be an attempt to try to bring this to the floor this evening. and so you're probably talking several hours before it would come to the floor. but i think they're going to do that decision. >> senator corker was echoed by senator tom coburn of oklahoma who explained why after weeks of no movement in congress there is a sudden push to get a deal done. here is with cnbc's larry kudlow. >> let me ask you, sir. do you think tonight there will be a senate vote on some kind of deal? >> well, i think there should be very late tonight or early in the a.m., even if this gets enacted in the next couple of days, it's all going to be re
will be going over the fiscal cliff in just four hours. even though republicans and democrats have agreed on a plan for tax rates as one part of the fiscal cliff negotiations, there will be no vote on such a plan in the house tonight. the lower chamber has adjourned until tomorrow at noon. but over in the senate, lawmakers say they could see a vote on that agreement some time before morning. >> i think there is going to be an attempt to try to bring this to the floor this evening. and so...
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Dec 31, 2012
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, which is coming from the fiscal cliff. >> all right. amman, aside from the impact on businesses, right, there's also this impact particularly on lower income americans. >> right. >> you have the payroll tax, which is scheduled also -- the payroll tax cut is scheduled to expire, which would increase taxes on people who are paying that from 4.2ers perz to 6.2%. . what impact would that have on individual spending? isn't that one of the more stimulating stacks cuts that was passed in 2009? >> that was designed as a short-term stimulus. people see that immediately in their paycheck, and the idea was nelled immediately go out and spend it. s people have been spending it. once that goes up, you will see less money in your paycheck as a result of the payroll tax cut not being extended this time around. both democrats and republicans agree not to extend it. neither party kind of likes that tax cut, but for different reasons. so for a lot of political reasons, that's not in this debate right now. that thing has been left aside, and we're talking
, which is coming from the fiscal cliff. >> all right. amman, aside from the impact on businesses, right, there's also this impact particularly on lower income americans. >> right. >> you have the payroll tax, which is scheduled also -- the payroll tax cut is scheduled to expire, which would increase taxes on people who are paying that from 4.2ers perz to 6.2%. . what impact would that have on individual spending? isn't that one of the more stimulating stacks cuts that was...
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Jan 1, 2013
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the fiscal cliff deal worked out by vice president joe biden and senate m minority leader mitch mcconnell. the deal which passed overnight will see income taxes rise on individuals making over $450,000 a year, and families making over $550,000 a year. let's listen in now as house democrats speak. >> caucus meeting which -- in which the vice president not only roused the entire membership, but also gave us a very thoughtful and detailed explanation of what's gone on, and how it was that he and the president working with the democratic and republican leaders in both houses were able to come together on this compromise. we first want to say thank you to the vice president for being so gracious. quite honestly, so frank in his conversation with us in explaining as much as he could about what's transpired over the last several weeks. we now are waiting to hear from our republican colleagues, whether or not they want to do what the senate did in a very bipartisan fashion and give the men people an opportunity to have a vote. there are people throughout this country who might look at this deal a
the fiscal cliff deal worked out by vice president joe biden and senate m minority leader mitch mcconnell. the deal which passed overnight will see income taxes rise on individuals making over $450,000 a year, and families making over $550,000 a year. let's listen in now as house democrats speak. >> caucus meeting which -- in which the vice president not only roused the entire membership, but also gave us a very thoughtful and detailed explanation of what's gone on, and how it was that he...
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Dec 29, 2012
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fiscal cliff. or as the "l.a. times" said, that some people will wake up to a new year's eve hang over. will we have a hangover or a deal on new year's day? >> i do not think we will have a deal, the politics right now, it seems that republicans feel like it's better for them to cut taxes on january 1st or 2nd than to do it you now. i don't think that we will have a deal. >> colin, what type of agreements have to be made for this thing to happen, and do you think it can still happen? >> i think there's a pretty good chance of a deal being worked out because you have four deal makers and what do deal makers do when they sit at the table with the clock running out but make a deal. that is the problem, i don't think that we want a deal. i don't think that the american public wants another deal. we want solutions. a year ago we had a chance with the cut cap and balance and now we are looking at back into this fight. and let's focus on spending not taxes. that is where the problem is. >> there's disagreement over what
fiscal cliff. or as the "l.a. times" said, that some people will wake up to a new year's eve hang over. will we have a hangover or a deal on new year's day? >> i do not think we will have a deal, the politics right now, it seems that republicans feel like it's better for them to cut taxes on january 1st or 2nd than to do it you now. i don't think that we will have a deal. >> colin, what type of agreements have to be made for this thing to happen, and do you think it can...
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Dec 26, 2012
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>> let's not forget about syria amid the fiscal cliff crazinesc. there's a great report today in "the washington post." >> i'll make a local plug for food and friends, food to shut-ins all year around and everybody in the audience, charities need help, not just at the holidays. >> absolutely. 110% behind you, especially that. hunger still a big, big issue in the d.c. region. we'll see you right back here tomorrow morning. i'll be back with you because chuck is resting that elbow. threw a lot of innings in 2012. coming up, chris jansing and company and 1:00 p.m. all luke all day on msnbc. take care. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank
>> let's not forget about syria amid the fiscal cliff crazinesc. there's a great report today in "the washington post." >> i'll make a local plug for food and friends, food to shut-ins all year around and everybody in the audience, charities need help, not just at the holidays. >> absolutely. 110% behind you, especially that. hunger still a big, big issue in the d.c. region. we'll see you right back here tomorrow morning. i'll be back with you because chuck is...
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Dec 31, 2012
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just seven hours now until the nation goes over the fiscal cliff. and after weeks of negotiations and public posturing, democrats and republicans have reached an agreement on tax rates in their negotiations. let me tell you what we know at this hour. the deal is said to raise $600 billion in revenue over the next decade through a series of tax increases on the wealthiest americans. th bush era tax rates would be text ended for all single americans with incomes below $400,000 and couples with income below 45000$450,000. all income above that would be tacked at 39 pittsburgh.6%. the deal is said to include a permanent fix for the alternative minimum tax and it extends unemployment insurance for another year for 2 million americans. this was huge for the democrats. speaking at the white house in front of a group of middle class americans just a few hours ago, the president urged congress to act immediately. >> for now our most immediate priority is to stop taxes going up for middle class families starting tomorrow. i think that is a modest goal that we
just seven hours now until the nation goes over the fiscal cliff. and after weeks of negotiations and public posturing, democrats and republicans have reached an agreement on tax rates in their negotiations. let me tell you what we know at this hour. the deal is said to raise $600 billion in revenue over the next decade through a series of tax increases on the wealthiest americans. th bush era tax rates would be text ended for all single americans with incomes below $400,000 and couples with...